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A new report from the National Leased Housing Association, entitled “Impacts of COVID-19 on Low- and Moderate- Income Housing Providers,” is based on results from a recent survey that NLHA sent to its members, which CLPHA also shared with our membership. The survey examines how the pandemic is affecting housing providers’ operations and finds that 74% of respondents had experienced increases in operating expenses due to COVID-19, with the highest average increases occurring in the Northeast region. 89% of respondents reported a drop in rent revenue, and 44% said that they had canceled or postponed investments in future housing projects.
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The National Council of State Housing Agencies issued a report that assesses unpaid rent, entitled “Analysis of Current and Expected Rental Shortfall and Potential Eviction Filings in the U.S.” The report finds that approximately 10-14 million renter households were behind on their rent as of September 14, 2020. Renters will owe an estimated $25-34 billion in accumulated unpaid rent by January 2021, excluding interest and fees. By January, more than 8 million renter households, a total of more than 20 million people, could be facing eviction. The report breaks down eviction filings and rent arrears by income level and includes eviction filings and rent shortfall figures by state.
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Recent data from the U.S. Census Pulse Survey highlights a growing need for additional rent assistance amid increasing housing precarity for many households. The Pulse Survey is a 20-minute online survey, conducted every two weeks, that focuses on how the pandemic is affecting household hardship. Data collected in late September shows that 1 in 3 adults are having trouble paying for the usual household expenses like food, rent, and medical expenses. 1 in 6 adults reported that their household was not current on rent. An interactive tool for exploring the Pulse survey data is available here.